The Carbon advocate. [volume] (Lehighton, Pa.) 1872-1924, 1887-08-27
Dloadhrins New York Letter.
peclal 10 The CARpoN ADVOCATE.

deal like the ocean, even in its calmest mo-
ments there is long, deep swell that tells
of everlasting unrest and seems eyer por-
tentous of disaster. What was the mean
ing of the wild shout of Joy that rang out
through the Stock Exchange on Thursday
when the Vice President announced from
the desk that Henry S. Ives had suspend
ed? In their wild glee the brokers remind
ed me of a shoal of porpoises at sea; when
one of the unfortunate fishes is struck with
harpoon. as soon as his blood appears the
whole tribe jump for him and hound him
to death. am willing to admit that at no
time since he has been upon the street has
Mr.. Ives been subject for pleasant con-
temptation. In his ordinary intercourse
with his fellow brokers there was a sort of
patronizing supercilousness which made
the man cordially hated and universally un-
popular.
Il is a mystery to-day how the fellow
eyer got foothold among the Wall street
magnates. 1t is only few years ago since
he was little clerk with an unsavory repu.
tation, yet so rapidly did he turn his OPP
portunties to account that ON Thursday
last he was able TO fail for fifteen millions
of dollars. Even after his failure he is able
to live in hundred thousand dollar house,
and up to Wednesday morning he was able
to ride in an eighty-six thousand dollar
steam yacht; il cost from three to four
thousand dollars a month to run her, and
| with the expense of his hundred thousand
dollar town house, and his fifty thousand
dollar country house il must haye cost Mr..
Ives quite penny to live. Hold on a
minutel forgot the clubs. No doubt that
he belonged to at least four-the Union,
the Century, the Racquet and the Athletic.
Everybody who is anybody, except Jay
Gould, belongs TO them. Then come the
races, little poker, an occasional aristo-
cratic mill at fifty or a hundred dollars a
ticket. Yes, It must have cost him pile
of money. How did lie get it You askf
Aye, there's the rub. We know he had il
and spent 1t like nabob; in fact, nabol
might get some valuable points from Hen
ry. He is only twenty-seven to-day, and
he has not been more than three years III
active business. Ferdinand Ward had just
gone to States prison after Ives started in
business; Henry Willard, whose comet-likc
amazed and terrified the financial world
had turned one of the most remarkable
somersaults in history; Jim Keene had
been knocked out some time before, and
from that day to this has been trembling
on the ragged edge without money enough
to redeem the prizes from the Custom
House which he won when Foxhall bore
his colors 10 victory in the Grand Prix
On the outside Wall street has the credit Of
being careful and conservative. There
meyer was greater mistake; more reck
less, desperate set of gamblers does moi
exist on the face of the earth. OF courst
there are honorable exceptions, as far a:
the business of stockbroking can be hon
orable, but, as a general thing, they viii
gamble on anything. They will mattel
dollars or eagles or half eagles; they will
bet on the number of pieces of paper on
given number of square feet of the Ex
change floor; they will plunge their hand.
in their pockets taking mp handful o.
change and bet thousand dollars odd OF
even This is substantially the Chimes,
game of fan tan, but / never heard of {
broker being arrested though we have SEN
several Cinnamon to the penitentiary fo
the same offense. But their stronghold /.
faro or poker-preferably poker. Now
why did these desperate gamblers set VI
such howl of delight when Henry S. Ivei
went up in balloon on Thursday. In thu
polite vernacular of the street, she RAISED
the buck and the boys couldn't see tn,
ante" When man plays for stake O
millions, the question naturally arises wher,
did he get the stake. That he had tn,
stake we know, we also know where som,
of il came from, but not all Doyou know
what he was playing Wall Street forP Fol
the biggest railroad combination in the his
tory of the world. The oldest heads oil
Wall Street were appalled, at the tremen
dous audacity of the combination. And al
one time shrewd men said, SIT can b,
DONE" and as an evidence of their faitl
they put their money in IL; one man plank
ing down million in solid cash, and an
other eight hundred and fifty thousand. II
the deal could have been accomplished JAY
Gould would haye' been crushed like an
eggshell, and G, p. Huntington would hav,
been pushed to the wall, and Henfy S
Ives was quite prepared to fill their places
but the gong sounded on Thursday, ant
Mr.. Ives is relegated to the large fleet o
have-beens, whose shattered wrecks alons
the shore serve to point moral if not Il
adorn tale.
much more agreeable subject to writ,
about is the meeting, of the Association fol
the Advancement of Science with whicl
our city has been honored during the pas
week. 1t is the business as it is the pleas
ure of these gentlemen to investigate th,
heavens above and earth beneath, and Tn,
waters that are under the earth, nd from
the lectures and reports il is pretty evlden
that every field of human research has beer
thoroughly explored. 1t is amusing a,
well as instructive to see The differen
phases OF research. One magnificent Pro
fessor with head 'it TO stand by Caesal
and give direction" seemed to 60 almos
wild oyer the discovery of new bug. An
} other makes valuable contribution Il
botany, Others in physics and Others still
J In the various fields of abstract science
Among modern scientists there seems TO b,
! a very general disposition to take nothlns
! on trust; with them it either is or is not
If II is prove it, if it is not drop it. TIL,
meetings were held In Colnmhia Cnlon.